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    Question

    To strengthen compliance by supervised entities (SEs)

    RBI is putting a platform called PRISM. What does the “M” stand for in PRISM?
    A Mirror Correct Answer Incorrect Answer
    B Monitoring Correct Answer Incorrect Answer
    C Mumbai Correct Answer Incorrect Answer
    D Multiple Correct Answer Incorrect Answer
    E Minor Correct Answer Incorrect Answer

    Solution

    Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM). The Reserve Bank of India is putting in place a Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM). It is a web-based end-to-end workflow automation system, to strengthen compliance by supervised entities (SEs) aimed at helping supervised entities to strengthen their internal defences and resilience and bringing focus on root cause analysis (RCA).

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